GST Return Filing Procedure Relaxed For First Two Months

By: Aasavri RaiJune 19, 2017 12:44 pm

With the objective of ensuring smooth rollout of GST and taking into account concerns expressed by the trade industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before the 20th of the succeeding month.

However, the invoice-wise details in regular GSTR – 1 would have to be filed for July and August, 2017, as per the timelines given below:

Month

GSTR – 3B

GSTR – 1

GSTR – 2 (auto-populated from GSTR-1)

July 2017

20th August

1st – 5th September*

6th – 10th September

August 2017

20th September

16th – 20thSeptember

21st – 25th September

* Facility for uploading of outward supplies for July 2017, will be available from 15th July, 2017.

No late fees and penalty would be levied for the interim period. This is intended to provide a sense of comfort to the taxpayers and give them an elbow room to attune themselves with the requirements of the changed system.